Day: April 18, 2019 (Page 2)

Acreage to buy Nevada cannabis company Deep Roots for $120 million

On: April 18, 2019

On the same day it announced it was being acquired by Canada’s Canopy Growth in a groundbreaking deal, New York-based marijuana firm Acreage Holdings unveiled it is buying Deep Roots, a vertically integrated cannabis company based in Nevada. The $120 million deal was secured through Acreage subsidiary High Street CapitalContinue Reading

Canopy strikes groundbreaking cannabis-sector deal to buy Acreage for $3.4 billion

On: April 18, 2019

Marijuana industry leader Canopy Growth has struck a deal to buy New York-based Acreage Holdings in what would be the first major Canada-U.S. cannabis transaction – but the purchase won’t be executed until the U.S. government removes federal prohibition. The combination of the two companies would create a North AmericanContinue Reading

This 420, Just Remember Everyone You Work With Is High

On: April 18, 2019

One of the most common phrases used in the workplace today is: “What, are you high?” It can be spewed in jest or as a snappy comeback, like “Man, piss off, you must be stoned.” It can also be applied in the form of an insult or as a cattyContinue Reading

L.A. city attorney launches new crackdown on illegal marijuana shops

On: April 18, 2019

Los Angeles City Attorney Mike Feurer announced a new push against illegal cannabis shops, starting with a civil lawsuit filed against one illicit operator in south L.A. and several business associates. Legal marijuana businesses in California likely will take careful note as this clampdown effort progresses, because they’ve long arguedContinue Reading

Canopy’s Linton predicts ‘massive shakeout’ in CBD sector

On: April 18, 2019

As CBD’s popularity continues to surge, companies that invest in data, research and branding as key differentiators will be better positioned for long-term success, Canopy Growth CEO Bruce Linton said at a cannabis conference in Toronto. “Water’s free, and you can make a lot of money packaging and branding it.Continue Reading

Weekly Deal Watch: Capital raises in hemp sector spike in first part of 2019

On: April 18, 2019

Investors are keying in on the hemp sector, raising more than 10 times the amount raised last year at this point. Weekly Deal Watch: Capital raises in hemp sector spike in first part of 2019 is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneursContinue Reading

Leaving no county unheard on cannabis: Q&A with Pennsylvania Lt. Gov. John Fetterman

On: April 18, 2019

Pennsylvania successfully rolled out a medical marijuana program and now, having reversed course and with legalization pressure building in the Northeast, Democratic Gov. Tom Wolf is open to considering legalizing adult-use marijuana. The state’s approach is a deliberate one. As a first step, Lt. Gov. John Fetterman is conducting “listeningContinue Reading

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